PowerShares FTSE RAFI Global Small-Mid Fundamental ETF
TORONTO, Jan. 29, 2018 /CNW/ - Invesco has announced the launch of a new CAD-hedged series for Canada's only Global small/mid-cap equity ETF, PowerShares FTSE RAFI Global Small-Mid Fundamental ETF (ticker symbol "PZW.F").
The initial offering of PZW.F has now closed and it will be available for trading on TSX when the market opens today.
The new series allows investors to choose the currency exposure that best suits their unique investment goals: CAD-unhedged (PZW), USD-unhedged (PZW.U) and CAD-hedged (PZW.F).
PowerShares FTSE RAFI Global Small-Mid Fundamental ETF seeks to generate capital growth over the long term by investing, directly or indirectly, primarily in equities of small- and medium-sized companies from developed markets globally.
The ".F" ticker extension has become a standard indicator in the Canadian ETF market for a currency-hedged series. New currency-related series may be added to PowerShares Canada ETFs as warranted by demand.
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at powershares.ca. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units.
FTSE® is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited ("FTSE") under licence. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. Any intellectual property rights in the Index values and constituent list vest in FTSE.
Most PowerShares ETFs seek to replicate, before fees and expenses, the performance of the applicable index, and are not actively managed. This means that the sub-advisor will not attempt to take defensive positions in declining markets and the ETF will continue to provide exposure to each of the securities in the index regardless of whether the financial condition of one or more issuers of securities in the index deteriorates. In contrast, if a PowerShares ETF is actively managed, then the subadvisor has discretion to adjust that PowerShares ETF's holdings in accordance with the ETF's investment objectives and strategies.
* Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares® and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC, used under licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]